Lura Yagoyan

What are RED Tokens

RED is a utiliy token, which can be used within the Red community as an acknowledgment for services rendered, a way of saying "Thanks!", to forge bonds and strengthen the organization.

The Red Foundation can use tokens to recognize valuable contributions, but community members may also tip and pay for services between them in a peer-to-peer way. The flow of tokens is not centrally controlled, but will self-organize around work, needs, and skills, powering the community growth.

Tokens represent your support of Red open-source projects, as they enable you to weight on some aspects, like some new features submitted to polls, or showing your interest in prioritizing specific tickets in projects repositories.

ArQmA is a decentralized public blockchain project and is fully open source.

Keepers

A Keeper is the term used to refer to an external person and/or team that executes a job. This can be as simplistic as calling a transaction – usually a smart-contract call, or as complex as requiring extensive off-chain logic. The scope of Keep4r allows users to register contracts as jobs for keepers, and keepers to register themselves as available to perform jobs. It is up to the individual keeper to set up their DevOps and infrastructure and create their own rules based on what transactions they deem profitable.

Jobs

A Job is the term used to refer to a smart contract that wishes an external entity to perform an action. They would like the action to be performed in "good will" and not have a malicious result. For this reason, they register as a job, and keepers can then execute on their contract.

Becoming a Keeper

To join as a Keeper you call bond(uint) on the Keep4r contract. users do not need to deposit any DAI or ETH tokens to join as a Keeper, so they can join with bond(0). There is a 1-day bonding delay before you can activate as a Keeper. Once the 7 days have passed, you can call activate(). Once activated, the lastJob timestamp will be set to the current block timestamp.

Registering a Job

A job can be any system that requires external execution, the scope of Keep4r is not to define or restrict the action taken, but to create an incentive mechanism for all parties involved. There are two cores ways to create a Job;

Registering a Job via Governance: Submit a proposal via Governance, to include the contract as a job. If governance approves, no further steps are required.

Job Interface

Some contracts require external event execution, an example for this is the harvest() function in the yearn ecosystem, or the update(address,address) function in the uniquote ecosystem. These normally requires a restricted access control list, however these can be difficult for fully decentralized projects to manage, as they lack devops infrastructure. These interfaces can be broken down into two types, no risk delta (something like update(address,address) in uniquote, which needs to be executed, but not risk to execution), and harvest() in yearn, which can be exploited by malicious actors by front-running deposits.

For no, or low risk executions, users can simply call Keep4r.isKeeper(msg.sender) which will let users know if the given actor is a keeper in the network. For high, sensitive or critical risk executions, users can specify a minimum bond, minimum jobs completed, and minimum Keeper age required to execute this function. Based on these 3 limits users can define their own trust ratio on these keepers.

KP4R is a governance and staking coin, allowing holders to vote, and propose jobs as well as collect a % of the network fees.

• TOTAL SUPPLY: 100k KP4R
• NAME: Keep4r
• SYMBOL: KP4R
• Consistent Liquidity: 10% of collected ETH fees, for jobs, will be automaticaly deposited by the governance contractm in UNISWAP to provide consistent liquidity.
• Staking: Staking and rewards distribution is managed by Keep4rRewardsPool. Users must commit to staking their KP4R for a period of time and will earn KP4R and a % share of the job fees.
• Natural Demand: KP4R is required to add new jobs to the keep4r job network. Hence, while there is demand to use the Keep4r job network, there will be some demand for KP4R.